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BUSINESS

Telekom Austria boss resigns

The head of Telekom Austria, Hannes Ametsreiter, has unexpectedly announced he will leave the company "soon" and "voluntarily" after more than five years in the job.

Telekom Austria boss resigns
Hannes Ametsreiter. Photo: Create-connections.com

Ametsreiter has resigned and will leave the company, which is majority owned by Mexican tycoon Carlos Slim, at the end of July Telekom Austria confirmed on Monday.

Telekom Austria's shares were down 2.7 per cent at €5.81 in late morning trading.

The company didn't give a reason for Ametsreiter's decision.

Two sources told Reuters news agency that the move came as a surprise, and there was speculation that he has been offered another job. 

A report in Die Presse newspaper suggested that Ametsreiter may have been forced to resign because of pressure from Slim's America Movil.

Ametsreiter's contract was set to run out at the end of 2016 and had an extension option until 2018. 

Slim has said he wants to use Telekom Austria as a base for further expansion into central and eastern Europe.
 
He introduced Alejandro Plater as Telekom Austria's new chief operating officer in March. Should no successor for Ametsreiter be appointed by the end of July, Plater as deputy CEO would take over in the interim period.

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BUSINESS

Where are Austria’s big international companies located?

Austria's most prominent international companies are involved in banking, insurance, and construction projects worldwide, many but are they all found in Vienna?

Where are Austria's big international companies located?

Here’s where each of the ten largest companies in Austria, by revenue generated last year, are located, both within Vienna and outside of the capital.

One of Central and Eastern Europe’s biggest insurance firms, the Vienna Insurance Group is headquartered in the capital. Their main offices are directly north of the Innere Stadt on Schottenring, close to the Rossau district.

A fellow insurance firm, the Uniqa Group, is located close by. Owning over fifteen significant insurance providers across Europe, they are market leaders alongside Vienna Insurance Group. Their headquarters can be found in the eponymous Uniqa Tower, on Ferdinandstraße close to the Karmeliterviertel.

Erste Group, one of the continent’s biggest providers of financial services, was founded just over two hundred years ago in Leopoldstadt, a suburb adjoining Vienna’s centre to the east. Today, the group is headquartered in the Erste Campus, less than a five-minute walk from Vienna’s central train station.

Founded in the fifties, OMV is the country’s largest oil and gas company. The company owns three European refineries, including one at Schwechat in Lower Austria, near the capital. The company is based in the Hoch Zwei building in the Second District, near the banks of the Danube.

Construction company Strabag, responsible for massive infrastructure projects across Europe and South East Asia, is located across the Danube from OMW, near the Austria Centre and the expansive Donaupark.

Banking giant Raiffeisen International is headquartered in the Weissgerberviertel, north of Vienna’s city centre. Other divisions, including their software development teams, are based throughout the city centre.

Construction company Porr Group, which has many subsidiaries in Austria and involvement in significant railway building projects throughout Europe, has headquarters in Vienna’s south, five kilometres away, in the Favoriten district.

Verbund AG, Austria’s largest energy provider, can also be found outside Vienna’s centre. It is based to the south-west, close to the Mariahilf district and the city’s Westbahnhof, or western train station.

Steel and technology group Voestalpine is located away from Vienna in Linz, Upper Austria, roughly equidistant between Salzburg and Vienna. The company’s headquarters can be found between the Spallerhof district and the Industriegebeit, or industrial area.

Finally, international metals and technology firm Andritz AG is also based outside Vienna, in Graz in Styria. Their headquarters is some distance from the city centre, in the district which gave the company its name: Graz-Andritz.

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